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Imperialism in the Era of Globalization
2015
Monthly review
Capitalism is preeminently a money-using system where a large part of wealth is held either in the form of money or as money-denominated assets, namely financial assets. For the system to work, it is essential that the value of money should not keep declining against commodities; otherwise people would move away from holding money, and it would cease to be not just a form of wealth, but even a medium of circulation.… Hence, capitalism seeks to ensure the stability of the value of money
doi:10.14452/mr-067-03-2015-07_5
fatcat:5fellrwgqbgelkr4whbdug7ala